PF: Chapter 10 Lesson 2 Taxes on Your Paycheck
Authored by Steve Wills
Business
11th Grade
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three kinds of income?
Active income, passive income, and investment income
Salary income, rental income, and portfolio income
Wage income, rental income, and portfolio income
Earned income, passive income, and investment income
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of income requires little to no effort to earn?
Earned income
Portfolio income
Passive income
Investment income
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is earned income?
Money earned from investments
Money earned from renting out property
Money earned from selling assets
Money earned by working
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is passive income?
Money earned from investments
Money earned from selling assets
Money earned by working
Money earned from renting out property
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is portfolio income?
Money earned from selling assets
Money earned from renting out property
Money earned by working
Money earned from investments
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is earned income taxed?
At the federal level
At the state level
At the individual level
At the employer level
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What form do you need to fill out when starting a job to determine tax withholding?
Form 1040
Form W-4
Form W-2
Form W-9
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